You inherit $470,000. You can receive the $470,000 in one lump sum payment today or, alternatively, receive two amounts: $270,000 in 8 months and $220,000 in 21 months from today. If you can earn 7.5% per annum compounding monthly on your monies, what is the value of the option to receive two payments (in present day value)? (to nearest whole dollar,; dont use $ sign or commas)